Close Asset Finance (CAF) has successfully
migrated its aviation portfolio onto CHP Consulting ALFA Systems
software solution, it has just been announced.
CAF has been using the lease software
specialist’s ALFA platform since 2006 to administer its small and
middle-ticket portfolios, including commercial vehicles,
construction plant, manufacturing machinery and print
equipment.
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It decided to migrate CAF’s aviation finance
portfolio on to ALFA last year, and the portfolio was put live at
the end of January 2010.
CAF operation director David Wilson said:
“Close is an acquisitive company and ALFA gives us the freedom to
take on new businesses with the certainty that we can integrate
them effectively and efficiently.”
CHP Consulting sales and marketing director
Andrew Denton added: “This represents key progress in our journey
with Close.
“ALFA comprehensively addresses Close’s
requirements for complex, variable rate agreement structures, as
well as the asset definition and service management requirements of
aircraft finance.”
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By GlobalDataCHP and Close are also working on the
migration of the Kingston Asset Finance portfolio, which was
purchased by Close in 2005. The completion of this migration will
see all of CAF’s leasing portfolios being managed on ALFA
Systems.
Antonio Fabrizio
